IEX VOLUMES
Stock Radar: IEX hits fresh 52-week high; breaks out of almost 2 years of consolidation
From Rs 144 on May 14 the IEX stock rose to Rs 170 on June 14 — an upside of over 24% in a month. The momentum fuelled a rally in the stock, which hit a fresh 52-week high of Rs 182 on June 14. After a prolonged consolidation of 2 years, it witnessed a time-wise and price-wise correction and eventually found support above 110 levels in June 2023. It quickly recouped losses and built on gains. Despite this, it failed to hold above the 170 level again in January 2024.
Electricity trade volumes on IEX jumps nearly 29 pc to 10,633 mn units in May
Indian Energy Exchange's trade volume grew by 29% in May, with electricity volumes increasing by 21%. The renewable energy certificates (RECs) surged by 640.3% yearly, impacting obligated entities and voluntary customers. Proactive measures by the government and regulators influenced trading platforms and market prices.
In first 50 days of FY25, demand has increased by 13-14%: SN Goel, IEX
SN Goel discusses the positive factors for FY25, including high demand, improved coal supply, and lower prices. The market is expected to see growth driven by increased liquidity and policy initiatives. Goel further says , this year market share will be around 85% plus. And in the DAM and RTM market, they have about 99% plus market share.
Axis Capital upgrades IEX rating, raises target price to Rs 170
Axis Capital upgraded IEX to 'add' from 'sell', raising the target price to Rs 170, citing improved growth prospects for exchanges. With expectations of rising electricity and gas volumes, IEX anticipates robust earnings growth in FY25.
F&O stocks: Tata Steel, BPCL among 5 stocks with long buildup
Another couple of points which traders should keep in mind when taking a trade by looking at the matrix of buildup of long positions on the basis of open interest. Also check whether there is any extraordinary buildup of long positions in any out-of-money call option, especially any far-of-the-money call option. That indicates the probability of any informed person taking exposure through options.
IEX shares rally 9% in 3 days after Q4 results beat
IEX reported a 14.7% YoY increase in its PAT on May 15 along with a revenue at Rs 149.5 crore for the fourth quarter of the financial year 2024.
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IEX shares rally 4% after company reports 15% jump in Q4 PAT
IEX Share Price: Indian Energy Exchange (IEX) shares surged by 4% on Wednesday on the Bombay Stock Exchange (BSE), reaching a high of Rs 151.30 for the day. This increase followed the company's announcement of a 14.7% year-on-year (YoY) rise in its quarterly profit after tax (PAT), reaching Rs 95.1 crore for Q4FY24
F&O stocks: HDFC Bank, Indus Towers among 5 stocks with long buildup
In Friday’s trading session, the following five stocks witnessed a build of fresh long positions. Let us first understand how this conclusion is reached whether the stock has seen a buildup of fresh long position or not.
How rising summer demand & Sec 11 extension may benefit 3 power companies: Rupesh D Sankh
Rupesh D Sankhe discusses the strong fundamentals in the power sector, with some companies facing stretched valuations. Opportunities exist in renewable energy sectors and ancillary companies like smart meter manufacturers and HVDC companies. Sankhe says: "With the kind of investment that is happening on the solar, wind side, companies like Suzon Energy, Inox Wind will benefit from the RTC tenders as well as the wind auction which is happening."
F&O stocks: Samvardhana Motherson, IEX among 5 stocks with long buildup
When the stock prices move up and open interest on the counter also moves upward, it is taken as a sign of a long buildup. The signal is considered more reliable if the volume on the counter has also seen an increase.
In the coming year, power tariff may be slightly lower because fuel supply is better: SN Goel, IEX
SN Goel, CMD of IEX, expects high demand and good supply of power in the country due to increased capacity and comfortable fuel supply. Volume growth on the exchange platform has been around 14%. The upcoming months of April, May, and June, with elections taking place, are expected to have high demand. Long-term generators can sell unscheduled power on exchanges.
IEX stock climbs 3% as total electricity volume increases 15% YoY in December
The exchange witnessed a rise in electricity trading volume, reaching 8,655 MU in December 2023, up by 8.7% compared to the same month in the previous year. For the third quarter of fiscal year 2024, IEX's total volume surged to 28,326 MU, marking a 16.9% growth year-over-year.
Stocks in news: Vedanta, Adani Ports, IndusInd Bank, LTIMindtree, IEX
NHPC has signed a MoU with GPCL for proposed investment of Rs 4,000 crore in Kuppa Pumped Storage Project (750 MW).
F&O stocks: IEX, BHEL and 3 other stocks with short buildup
Coming to the buildup of fresh short positions, When the stock prices move downward and open interest on the counter increases, it is taken as a sign of a long build-up. The signal is considered more reliable if the volume on the counter has also seen an increase as the stock price declines.
Buy & accumulate Paytm on dips; 2 top picks in rural play & city gas distribution: Sanjiv Bhasin
“Forget about sugar, get into milk, cheese. The biggest industry growing now is the dairy industry. We are consuming about Rs14 lakh crore which can go to Rs 30 lakh crore by 2030. Parag Milk is the pick here. It is the third largest player, pan India and it has miles to go.”
Stock Radar: IEX has given breakout from a descending triangle pattern; where is the stock headed?
The stock has risen by over 10% in a month and over 3% in a week. It has been trending higher for the past 4 weeks, which helped it reclaim 50 and 200-week moving averages in the last week of November.
Hot Stocks: Brokerages view on Zomato, Supreme Industries, IEX and Axis Bank
Morgan Stanley maintained an overweight rating on Zomato with a target price of Rs 140. The global investment bank sees an upside potential even after the strong outperformance.
We hope to launch the 11-month contracts by January: Rohit Bajaj, IEX
“Last year was flat. This year we are expecting more than 15% increase in volume on an overall or annual basis. H1 was already 12% up; in Q2, particularly October, it was more than 20% up, and we hope that this trend will continue. We are working to ensure that this trend will continue for the coming months also.”
IEX stock rises over 4% as total electricity volume increases 13% YoY in September
"The demand momentum witnessed in August continued into September. The country's electricity consumption increased to 140 BU (Billion Units) during September '23, compared to 127 BU in September '22, marking a year-on-year increase of 10%," the company said in an exchange filing.
Big movers on D-Street: What should investors do with IEX, SpiceJet and Devyani International?
Stocks that were in focus included names like IEX, which rose 0.66%, SpiceJet, which gained 6.33%, and Devyani International, whose shares jumped 8.44% on Tuesday.
IEX stock rises 4% as total electricity volume increases 21% YoY in August
In August 2023, the country experienced its lowest August rainfall since 1901, resulting in hot weather conditions that led to an unprecedented surge in electricity demand, the company said in an exchange filing.
IEX trade volume rises over 13 pc to 8,865 million units in August
The RTM segment enables distribution utilities and industries with greater flexibility and efficient optimisation of portfolios by balancing their power demand-supply on a real-time basis.
Sanjiv Bhasin bullish on 3 new age stocks for next 3 years; backs 3 auto stocks
"My dark horse play is IEX. You cannot have a trading platform which has 93% market share and lose trade at this valuation. I am looking at volume growing at not 10, but 12, but 15 times, maybe more in the next three years and the platform is brilliant. So, you cannot have a better play than IEX. Avoid the noise. This is the time to be in IEX and IRCTC, which are two brilliant blue chip businesses. "
IEX Q1 Update: Volumes rise 8% YoY; market clearing price at Rs 5.17/unit
For the month of June, IEX's overall volume was at 8946 MU, including green market trade of 272 MU, 5.33 lakh RECs (equivalent to 533 MU) and 2.44 lakh ESCerts (equivalent to 244 MU). The overall volume during the month was higher by 8% on a YoY basis.
Why Sanjiv Bhasin is bullish on these 2 beaten-down stocks
Sanjiv Bhasin of IIFL Securities explains why IEX, which is going through a lot of regulatory headwinds and GMR Infrastructure are in his recommended list. Also, he says on a valuation basis one can put some more extra weight on Hindalco. It has a very good risk reward at this price.
IEX stock: Covid-batch multibagger in trouble amid downgrades. What’s the best trading strategy?
Indian Energy Exchange (IEX) stock hit a two-year low of Rs 116 on BSE due to downgrades by brokerages after the power ministry announced the introduction of a market coupling method for spot power trading. The market coupling may damage IEX's "moat" and allow other exchanges to cut into its market share over time, leading to volume growth threat. Nuvama and Antique Stock Broking downgraded the stock to sell.
IEX shares tumble 23% in 2 sessions. What's behind the fall & how to trade stock now?
Shares of Indian Energy Exchange (IEX) fell by 15% to a 52-week low of INR116 ($1.56) on NSE on Friday after the Ministry of Power decided to go ahead with market coupling. An independent third-party will collect buy and sell bids and decide a uniform market price across all exchanges. Brokerage firm Nuvama described this move as a big negative for IEX and recommended a "reduce" rating on the stock with a price target of INR127.
Indian Energy Exchange trade volume dips 4% on-year to 9,212 m units in March
It achieved 9,212 MU overall volume in March 2023, including green market trade of 391 MU, 8.69 lac RECs (equivalent to 869 MU) and 22,881 ESCerts (equivalent to 23 MU), a statement said.
Indian Energy Exchange total trade volume dips 18 per cent to 7,805 million units in August
However, on a month-on-month basis, IEX registered a 9 per cent growth in August. In July 2021, the total power trade volume was 7,151 MU. The total trade volume of 7,805 MU in August, 2022, comprised 6,517 MU in the conventional power market, 437 MU in the Green Power Market, and 851 MU (8.51 lakh Certificates) in the REC Market, according to the statement.
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